Toray Industries (Toray Industries) 5-Year Yield-on-Cost % : 2.82 (As of Apr. 24, 2024)

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What is Toray Industries 5-Year Yield-on-Cost %?

Toray Industries's yield on cost for the quarter that ended in Dec. 2023 was 2.82.

The historical rank and industry rank for Toray Industries's 5-Year Yield-on-Cost % or its related term are showing as below:

TRYIY' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.02 Med: 1.72 Max: 4.2
Current: 2.82

During the past 13 years, Toray Industries's highest Yield on Cost was 4.20. The lowest was 1.02. And the median was 1.72.

TRYIY's 5-Year Yield-on-Cost % is ranked better than
50.45% of 555 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.62 vs TRYIY: 2.82

Competitive Comparison of Toray Industries's 5-Year Yield-on-Cost %

For the Textile Manufacturing subindustry, Toray Industries's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Toray Industries's 5-Year Yield-on-Cost % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Industries's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Toray Industries's 5-Year Yield-on-Cost % falls into.

Toray Industries 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Toray Industries is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Toray Industries (OTCPK:TRYIY) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Toray Industries 5-Year Yield-on-Cost % Related Terms

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Toray Industries (Toray Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toray Industries Inc (OTCPK:TRYIY) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

TRYIF:USA 3402:Japan TOR1:Germany

Address

Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, JPN, 103-8666

Website

http://www.toray.co.jp

Toray Industries Inc is a Japan-based company that is primarily engaged in the integrated chemical industry to produce apparel and industrial materials. The company's businesses consist of Fibers & Textiles, Plastics & Chemicals, IT-related Products, Carbon Fiber Composite Materials, Environment & Engineering, and Life Science. The Fibers & Textiles business and Plastics & Chemicals business are the company's core growth drivers, and they jointly contribute around two thirds of the company's revenue. The company has business presence in Japan, China, other Asian areas, Europe, North America, and other areas, with the whole Asia market accounting for majority of the company's total revenue.